Buying a House

Hi all, I know you've been waiting patiently for this third installment of buying a house - Your allies, so here it is.

It will become evident in your property search that you can't see or do everything yourself or with the help of friends or family.

Get the Support of a team of professionals

• Your financial advisor:In addition to helping you choose the mortgage that best suits your borrowing needs, this professional will act in your best interest throughout the property acquisition process.
• Building inspector: Before buying a house, make sure it passes an inspection. An engineer, building technician, architect or chartered appraiser can do the inspection and provide you with a written report. The inspector will (should) check the state of the foundations, roof, structural elements, windows, insulation and plumbing, as well as the electrical, heating and ventilation systems. A professional inspection provides you with an expert opinion on whether the asking price is reasonable regarding the quality and value of the propert, an evaluation of the cost of any repairs required and detection of hidden defects.
• Surveyor: A surveyour prepares the certificate of location, a document required by most mortgage lenders and that contains; a description of the lot and building, any illegality or irregularity, servitudes and easments, specific bylaws or regulations that may restrict a property owner's rights.
• Notary: The Notary ensures that the transaction is carried out in compliance with all the proper rules. The notary draws up the mortgage deed which specifies the mortgage conditions along with the rights and responsibilities of the borrower and financial institution. In addition, the notary draws up the deed of conveyance which is the document by which the seller transfers the propert title to the buyer.
• Real Estate Agent, and Contractor